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ESM Government Securities
ESM Government Securities, Inc. was a Fort Lauderdale, Florida-based government securities dealer, specializing in repurchase agreements and reverse repurchase agreements. The failure of the company in March 1985 precipitated the collapse of Home State Savings Bank, deposit runs on dozens of other banks in Ohio, and the downfall of the private Ohio Deposit Guarantee Fund. History ESM was started in 1975 by Ronnie Ewton, Robert Seneca and George Mead, taking the name of the company from the first letter of their last names. (Seneca resigned from the company in 1978.) Alan Novick joined soon afterwards and would later become president (but died in November 1984 of a heart attack). Stephen Arky, an attorney, met Ronnie Ewton in his National Guard unit, and introduced him to his father-in-law Marvin Warner, the owner of Home State Savings Bank in Cincinnati, Ohio. Fraud shutdown ESM was shut down on March 4, 1985, by the Securities and Exchange Commission and placed into receivers ...
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Fort Lauderdale, Florida
Fort Lauderdale () is a coastal city located in the U.S. state of Florida, north of Miami along the Atlantic Ocean. It is the county seat of and largest city in Broward County with a population of 182,760 at the 2020 census, making it the tenth largest city in Florida. Along with Miami and Pompano Beach, Fort Lauderdale is one of the three principal cities that comprise the Miami metropolitan area, which had a population of 6,166,488 in 2019. Built in 1838 and first incorporated in 1911, Fort Lauderdale is named after a series of forts built by the United States during the Second Seminole War. The forts took their name from Major William Lauderdale (1782–1838), younger brother of Lieutenant Colonel James Lauderdale. Development of the city did not begin until 50 years after the forts were abandoned at the end of the conflict. Three forts named "Fort Lauderdale" were constructed including the first at the fork of the New River, the second at Tarpon Bend on the New River betw ...
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Pompano Beach, Florida
Pompano Beach ( ) is a city in Broward County, Florida, United States. It is located along the coast of the Atlantic Ocean, just north of Fort Lauderdale. The nearby Hillsboro Inlet forms part of the Atlantic Intracoastal Waterway. As of the 2020 census, the city's population was 112,046. Located north of Miami, it is a principal city in the Miami–Fort Lauderdale–West Palm Beach metropolitan area, which was home to an estimated 6,158,824 people in 2017. Pompano Beach Airpark, located within the city, is the home of the Goodyear Blimp ''Spirit of Innovation''. History Its name is derived from the Florida Pompano (''Trachinotus carolinus''), a fish found off the Atlantic coast. There had been scattered settlers in the area since at least the mid-1880s, but the first documented permanent residents of the Pompano area were George Butler and Frank Sheen and their families, who arrived in 1896 as railway employees. The first train arrived in the small Pompano settlement on Feb ...
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Accounting Scandals
Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement ...
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Finance Fraud
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ...
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Santa Clara, California
Santa Clara (; Spanish for " Saint Clare") is a city in Santa Clara County, California. The city's population was 127,647 at the 2020 census, making it the eighth-most populous city in the Bay Area. Located in the southern Bay Area, the city was founded by the Spanish in 1777 with the establishment of Mission Santa Clara de Asís under the leadership of Junípero Serra. Santa Clara is located in the center of Silicon Valley and is home to the headquarters of companies such as Intel, Advanced Micro Devices, and Nvidia. It is also home to Santa Clara University, the oldest university in California, and Levi's Stadium, the home of the National Football League's San Francisco 49ers, and Cedar Fair's California's Great America Park. Santa Clara is bordered by San Jose on all sides, except for Sunnyvale and Cupertino to the west. History The Tamien tribe of the Ohlone nation of Indigenous Californians have inhabited the area for thousands of years. Spanish period The fir ...
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Santa Clara University
Santa Clara University is a private Jesuit university in Santa Clara, California. Established in 1851, Santa Clara University is the oldest operating institution of higher learning in California. The university's campus surrounds the historic Mission Santa Clara de Asís which traces its founding to 1777. The campus mirrors the Mission's architectural style and is one of the finest groupings of Mission Revival architecture and other Spanish Colonial Revival styles. The university is classified as a "Doctoral/Professional" university. The university offers bachelor's degrees, master's degrees, and doctoral degrees through its six colleges, the College of Arts and Sciences, School of Education and Counseling Psychology, Leavey School of Business, School of Engineering, Jesuit School of Theology, and School of Law. It enrolls about 5,400 undergraduate students and about 3,300 postgraduate students. Among Santa Clara's alumni are governors, congressmen, mayors, senators, presiden ...
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Santa Clara Law Review
The Santa Clara University School of Law (Santa Clara Law) is the law school of Santa Clara University, a Jesuit university in Santa Clara, California, United States, in the Silicon Valley region. The School of Law was founded in 1911. The Jesuit affiliation of the university is manifested in a concern with ethics, social justice, and community service. Santa Clara Law offers the Juris Doctor (J.D.) law degree, as well as several double-degree programs, including J.D./Master of Business Administration (J.D./M.B.A.) and J.D./Master of Science in Information Systems (MSIS) offered in conjunction with Santa Clara University's Leavey School of Business, ranked 10th in graduate programs on the '' U.S. News & World Report'' graduate schools rankings. In addition, the school offers Master of Laws (LL.M.) degrees in intellectual property law, in U.S. law for foreign lawyers, and in international and comparative law. Santa Clara Law also features specialized curricular programs in hi ...
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United States Congress
The United States Congress is the legislature of the federal government of the United States. It is bicameral, composed of a lower body, the House of Representatives, and an upper body, the Senate. It meets in the U.S. Capitol in Washington, D.C. Senators and representatives are chosen through direct election, though vacancies in the Senate may be filled by a governor's appointment. Congress has 535 voting members: 100 senators and 435 representatives. The U.S. vice president has a vote in the Senate only when senators are evenly divided. The House of Representatives has six non-voting members. The sitting of a Congress is for a two-year term, at present, beginning every other January. Elections are held every even-numbered year on Election Day. The members of the House of Representatives are elected for the two-year term of a Congress. The Reapportionment Act of 1929 establishes that there be 435 representatives and the Uniform Congressional Redistricting Act requires ...
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Los Angeles Times
The ''Los Angeles Times'' (abbreviated as ''LA Times'') is a daily newspaper that started publishing in Los Angeles in 1881. Based in the LA-adjacent suburb of El Segundo since 2018, it is the sixth-largest newspaper by circulation in the United States. The publication has won more than 40 Pulitzer Prizes. It is owned by Patrick Soon-Shiong and published by the Times Mirror Company. The newspaper’s coverage emphasizes California and especially Southern California stories. In the 19th century, the paper developed a reputation for civic boosterism and opposition to labor unions, the latter of which led to the bombing of its headquarters in 1910. The paper's profile grew substantially in the 1960s under publisher Otis Chandler, who adopted a more national focus. In recent decades the paper's readership has declined, and it has been beset by a series of ownership changes, staff reductions, and other controversies. In January 2018, the paper's staff voted to unionize and final ...
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Sun Sentinel
The ''Sun Sentinel'' (also known as the ''South Florida Sun Sentinel'', known until 2008 as the ''Sun-Sentinel'', and stylized on its masthead as ''SunSentinel'') is the main daily newspaper of Fort Lauderdale, Florida, as well as surrounding Broward County and southern Palm Beach County. It circulates all throughout the three counties that comprise South Florida. It is the largest-circulation newspaper in the area. Paul Pham has held the position of general manager since November 2020, and Julie Anderson has held the position of editor-in-chief since February 2018. The newspaper was for many years branded as the ''Sun-Sentinel'', with a hyphen, until a redesign and rebranding on August 17, 2008. The new look also removed the space between "Sun" and "Sentinel" in the newspaper's flag, but its name retained the space. The ''Sun Sentinel'' is owned by parent company, '' Tribune Publishing''. This company was acquired by Alden Global Capital, which operates its media properties th ...
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Certified Public Accountant
Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. It is generally equivalent to the title of chartered accountant in other English-speaking countries. In the United States, the CPA is a license to provide accounting services to the public. It is awarded by each of the 50 states for practice in that state. Additionally, all states except Hawaii have passed mobility laws to allow CPAs from other states to practice in their state. State licensing requirements vary, but the minimum standard requirements include passing the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting-related experience. Continuing professional education (CPE) is also required to maintain licensure. Individuals who have been awarded the CPA but have lapsed in the fulfillment of the required CPE or who have requested conversion to inactive status are in many states permitt ...
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Clallam County, Washington
Clallam County is a County (United States), county in the U.S. state of Washington (state), Washington. As of the 2020 United States census, 2020 census, the population was 77,155, with an estimated population of 78,209 in 2021. The county seat and largest city is Port Angeles, Washington, Port Angeles; the county as a whole comprises the Port Angeles, WA Micropolitan Statistical Area. The name is a Klallam word for "the strong people". The county was formed on April 26, 1854. Located on the Olympic Peninsula, it is south from the Strait of Juan de Fuca, which forms the Canada–United States border, Canada–US border, as British Columbia's Vancouver Island is across the strait. Geography According to the United States Census Bureau, the county has a total area of , of which is land and (35%) is water. Located in Clallam County is Cape Alava, the List of extreme points of the United States#Westernmost points, westernmost point in both Washington and the contiguous United Stat ...
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